(Bloomberg) -- U.S. stocks swung between gains and losses in the last hour of trading after Arizona and Florida reported their biggest increases in new Covid-19 cases since the pandemic began and Apple said it would close some stores in those states. Oil turned positive after briefly dropping into the red.The S&P 500 fell as much as 1% before paring the drop, with declines posted by industrial, real estate and financial shares. On the week, the benchmark index is up about 2.4%. Stocks had rallied at the start of U.S. trading amid reports that China plans to accelerate purchases of American farm goods to comply with the phase one trade deal boosted risk appetite. Still, with uncertainty over how quickly economies can emerge from lockdowns, and a welter of options set to expire in a quarterly event know as quadruple witching, investors are being whipsawed by bouts of volatility.“That’s a worrisome...
After breaking 3,200 earlier this month, and dropping back to 3,000, the S&P 500 is testing upper resistance levels again. Against this backdrop, investors will need to crunch the numbers, to find the stocks that are best positioned for current conditions.The TipRanks Smart Score has already done the footwork, however, collecting data on thousands of stocks and collating it according to 8 separate factors commonly used to predict results. The result of this aggregation? A single-digit score for every stock, on a scale of 1 to 10, that points toward its likely market performance. We’ve pulled three ‘Perfect 10’ stocks out of the TipRanks database, to find out what factors matter, and what makes these equities compelling in today’s environment.Super Micro Computer (SMCI)First on our list is data center server maker Super Micro Computer. The company’s products, in high-efficiency server technology, are used in data centers, enterprise IT, big data apps…...
Quad witching day, one of four each year, pulled the rug out from under a lot of traders on Friday. On Thursday we warned about the potential headaches it would cause and we're seeing it play out today. Let's look at a few top stock trades for next week. Top Stock Trades for Tomorrow No. 1: Apple (AAPL) Click to EnlargeSource: Chart courtesy of StockCharts.com Apple (NASDAQ:AAPL) shares turned lower on the day after the company announced it would close its retail locations in several states getting hit the hardest by the novel coronavirus.This created a ripple effect -- as we'll discuss in a moment -- as Apple was one of the first retailers to close down earlier this year due to Covid-19.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLook, this stock has been very resilient, pushing through its prior highs earlier this month and racing all the way...
(Bloomberg) -- U.S. stocks slumped after Arizona and Florida reported their biggest increases in new Covid-19 cases since the pandemic began and Apple said it would close some stores in those states. Oil turned positive after briefly dropping into the red.The S&P 500 fell as much as 1% before paring the drop, led by declines in industrial, real estate and financial shares. Stocks had rallied at the start of U.S. trading amid reports that China plans to accelerate purchases of American farm goods to comply with the phase one trade deal boosted risk appetite. Still, with uncertainty over how quickly economies can emerge from lockdowns, and a welter of options set to expire in a quarterly event know as quadruple witching, investors are being whipsawed by bouts of volatility.“That’s a worrisome sign for markets,”said Matt Forester, chief investment officer of BNY Mellon’s Lockwood Advisors. “This is a continuation of the first...
Trucker Ahmed Issa still remembers the testy conversation between two of his former Hyndman Transport colleagues, one white and the other African-Canadian, a few years ago. ...
